Monday, August 13, 2018

Tag "Kemi Adeosun"

    Adeosun, Sagay and the one percentile pooping on the rest of us

Adeosun, Sagay and the one percentile pooping on the rest of us

BY BANJO DAMILOLAWhen the Federal government was stalling in honouring its contract with a whistleblower, Chairman of the Presidential Advisory Committee on Corruption maters, Professor Itse Sagay told Nigerians the reason his principal and its agency, the EFCC would not honour the contract was because they were protecting the whistleblower from himself. In Prof. Sagay’s words, the whistleblower “is like [...]

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    Sagay: Who cares about youth service? We can’t afford to lose Adeosun

Sagay: Who cares about youth service? We can’t afford to lose Adeosun

Itse Sagay, chairman of Presidential Advisory Committee Against Corruption (PACAC), says he does not believe that Kemi Adeosun, minister of finance, forged her National Youth Service Corps (NYSC) exemption certificate.Premium Times had reported that the minister falsified her NYSC exemption certificate but she is yet to react to the allegation.Speaking with The Nation on Thursday, Sagay described Adeosun as a [...]

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    Nigerian Breweries records 22% profit decline, blames new excise duty

Nigerian Breweries records 22% profit decline, blames new excise duty

Nigerian Breweries says it recorded a 22 percent decline in profit after tax for the half year ended June 30.This is according to the company’s unaudited result submitted to the Nigerian Stock Exchange (NSE) for the period under review.NAN reports that the company posted a profit after tax of N18 billion compared to N24 billion recorded in the corresponding period [...]

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    Kemi Adeosun’s deafening silence

Kemi Adeosun’s deafening silence

It is now almost two weeks that our finance minister was accused of forging an NYSC exemption certificate, and the only official communication by the voluble information minister on behalf of the Federal Government, is that whatever the NYSC authority says is what the government says too. By the way, one hopes the anachronistic position of an information minister in [...]

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    SGF: All public office holders must submit credentials for screening

SGF: All public office holders must submit credentials for screening

Boss Mustapha, the secretary to the government of the federation, says all public office holders must submit their credentials for screening in the ongoing nation-wide verification of personnel records.Speaking on Tuesday after his own screening, Mustapha said the directive is part of the implementation of the 2017-2020 Federal Civil Service Strategy and Implementation Plan (FCSSIP).According to him, the screening exercise [...]

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    HEDA writes IGP, demands probe of Adeosun over ‘certificate forgery’

HEDA writes IGP, demands probe of Adeosun over ‘certificate forgery’

The Human and Environmental Development Agenda Resource Centre (HEDA) has asked Ibrahim Idris, inspector-general of police (IGP), to investigate the allegations of certificate forgery against Kemi Adeosun, minister of finance.Premium Times had reported that Adeosun allegedly forged an exemption certificate of the National Youth Service Corps (NYSC).The corps in response said the finance minister applied for exemption but it would investigate [...]

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    IMF: Nigeria’s inflation rate to rise in second half of 2018

IMF: Nigeria’s inflation rate to rise in second half of 2018

The International Monetary Fund (IMF) says inflation rates will rise in the second half of 2018 as consumer spending increases and agricultural output drops.Lucie Fouda, IMF’s Africa press officer, said a delegation led by Amine Mati, senior resident representative and mission chief for Nigeria, between June 27 and July 9.According to Mati, even though crude oil prices are higher, the [...]

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    Of forged certificates, criminal political class and docile citizenry

Of forged certificates, criminal political class and docile citizenry

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    Femi Adesina: Adeosun ran into Bakare at Aso Rock

Femi Adesina: Adeosun ran into Bakare at Aso Rock

Femi Adesina, spokesman of President Muhammadu Buhari, says Kemi Adeosun, minister of finance, ran into Tunde Bakare, senior pastor of the Latter Rain Assembly at the presidential villa in Abuja on Friday.In a statement on Friday, Adesina said the pastor and the minister did not meet with the president.He said the pastor exchanged pleasantries and thanked Adeosun for attending his mother's [...]

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    NYSC couldn’t have given exemption certificate to Adeosun, says ex-DG

NYSC couldn’t have given exemption certificate to Adeosun, says ex-DG

Maharazu Tsiga, former director-general of the National Youth Service Corps (NYSC), says the exemption certificate allegedly given to Kemi Adeosun, minister of finance, could not have been issued by the corps.Adeosun has been in the news for allegedly obtaining a fake NYSC exemption certificate, having reportedly failed to serve her country as and when due.According to the report by Premium [...]

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    Kemi Adeosun and the opportunity lost

Kemi Adeosun and the opportunity lost

In two days, it will be one week after the online newspaper, Premium Times, published a story alleging that Minister of Finance, Mrs. Kemi Adeosun, may be in possession of a forged certificate of the National Youth Service Corps, yet there has not even been a whimper of response from the minister.  Now that is not likely to be something [...]

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    ‘A forger can’t control our finance’, ‘No wonder we were in recession’ — Adeosun under fire over NYSC certificate

‘A forger can’t control our finance’, ‘No wonder we were in recession’ — Adeosun under fire over NYSC certificate

Kemi Adeosun, minister of finance, has been under pressure since Premium Times reported her alleged forgery of the National Youth Service Corps (NYSC) certificate.In the report, the newspaper said the minister skipped the one-year mandatory scheme and later forged the certificate.The report said the upper legislative chamber detected this when President Muhammadu Buhari forwarded her name for ministerial screening but rather than [...]

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    INFOGRAPHICS: FG released N1.5trn of projected N2.2tn for capital expenditure in 2017

INFOGRAPHICS: FG released N1.5trn of projected N2.2tn for capital expenditure in 2017

The federal ministry of finance says a total of N1.58 trillion was released for capital expenditure in the 2017 fiscal year.According to a statement released on Tuesday by the ministry, this is higher than the N1.21 trillion released for capital expenditure in 2016.The budget had projected a capital expenditure spending of N2.24 trillion.The ministry of power, works and housing received [...]

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    FG to remove VAT on residential properties, amends company income tax law

FG to remove VAT on residential properties, amends company income tax law

The federal executive council has approved two executive orders and five amendment bills to remove value-added tax on residential properties and amend the company income tax law.While briefing state house correspondents on Wednesday, Kemi Adeosun, the minister of finance, said the amendments will reduce the tax burden on Nigeria and boost ease of doing business.NAN reports that the two approved [...]

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    Adeosun: We’ve saved N125bn from reducing official allowances

Adeosun: We’ve saved N125bn from reducing official allowances

Kemi Adeosun, minister of finance, says the ministry has been able to reduce travel and stationery allowances by N125 billion in 2016 and 2017.In a document released on Sunday to review the performance of the ministry between 2015 and 2017, Adeosun said this was achieved by the efficiency unit set up by the ministry in November 2015."The government has saved [...]

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    Abacha Loot: Finance ministry delays probe of $17m lawyers’ fee

Abacha Loot: Finance ministry delays probe of $17m lawyers’ fee

The ministry of finance is yet to submit its report to the house of representatives’ ad-hoc committee investigating the $17 million fee for lawyers involved in the transfer of $321 million Abacha Loot to Nigeria.Abubakar Malami, the attorney-general of the federation (AGF), had engaged Oladipo Okpeseyi, a senior advocate, and Temitope Adebayo, two Nigerian lawyers to do a job that had already [...]

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Exchange Rates

August 10, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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